EXHIBIT 11.1 |
HASBRO, INC. AND SUBSIDIARIES |
Computation of Earnings Per Common Share |
Six Months Ended June 27, 2004 and June 29, 2003 |
(Thousands of Dollars and Shares Except Per Share Data) |
2004 | 2003 | ||||||||||
----------------- | ----------------- | ||||||||||
Basic | Diluted | Basic | Diluted | ||||||||
------- | ------- | ------- | ------- | ||||||||
Net earnings | $ 25,371 | 25,371 | 12,606 | 12,606 | |||||||
Effect of dilutive securities: | |||||||||||
Change in fair value of liabilities potentially | |||||||||||
settleable in common stock | - | (10,220 | ) | - | - | ||||||
------------ | ------------ | ------------ | ------------ | ||||||||
Adjusted net earnings | $ 25,371 | 15,151 | 12,606 | 12,606 | |||||||
======= | ======= | ======= | ======= | ||||||||
Weighted average number of shares | |||||||||||
outstanding: | |||||||||||
Outstanding at beginning of period | 175,479 | 175,479 | 172,805 | 172,805 | |||||||
Exercise of stock options and warrants: | |||||||||||
Actual exercise of options | 600 | 600 | 317 | 317 | |||||||
Assumed exercise of options and warrants | - | 2,868 | - | 6,670 | |||||||
Liabilities potentially settleable in | |||||||||||
common stock | - | 5,363 | - | - | |||||||
------------ | ------------ | ------------ | ------------ | ||||||||
Total | 176,079 | 184,310 | 173,122 | 179,792 | |||||||
======= | ======= | ======= | ======= | ||||||||
Per common share: | |||||||||||
Net earnings | $ 0.14 | 0.08 | 0.07 | 0.07 | |||||||
======= | ======= | ======= | ======= | ||||||||